Major U.S. equities indexes dropped to close out the trading week after Federal Reserve Chair Jerome Powell suggested that the central bank has leeway to ease off on its rate-cutting campaign if needed.
Palantir continued its torrid run on Friday, with the stock popping after the company said it was moving to the Nasdaq from the New York Stock Exchange. The shares are now up more than 50% since the company's better-than-expected earnings report last Monday, a day before Election Day.
As most equities experience a significant sell-off during the November 15 session, Palantir's (NYSE: PLTR) share price is standing out, outperforming the general market.
Palantir Technologies Inc (NYSE:PLTR) stock is up 6.4% at $62.94 at last glance, and earlier hit a fresh record high of $64.90, after news that the software name is shifting from the New York Stock Exchange (NYSE) to the Nasdaq-100 Index (NDX).
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